Componenta Corporation: Proposals of the Shareholders’ Nomination Board to the Annual General Meeting
Componenta Corporation Stock Exchange Release, 25 January 2022 at 1.00 p.m. EET
The Shareholders’ Nomination Board of Componenta Corporation proposes the following to the Annual General Meeting 2022 planned to be held on 8 April 2022.
Number of members of the Board of Directors
The Nomination Board proposes that the number of Board members will be four (4) for the term expiring at the end of Annual General Meeting 2023.
Composition of the Board of Directors
The Nomination Board proposes that the current members of the Board of Directors Tomas Hedenborg, Anne Leskelä, Harri Suutari and Petteri Walldén shall be re-elected as members of the company’s Board of Directors. All nominees have given their consent to the position.
Out of the nominees Tomas Hedenborg, Anne Leskelä and Petteri Walldén are independent of the company and of the significant shareholders of the company. Harri Suutari is independent of the significant shareholders of the company, but not of the company as he was the President and CEO of the company from November 2015 until August 2019.
Information regarding the proposed members of the Board of Directors is available on the company’s website at https://www.componenta.com/investors/corporate-governance/general-meeting/amg-2022/
When preparing its proposal, the Nomination Board has taken into consideration the Board of Directors’ diversity policy, including its aim to ensure continuity by nominating Board members who have long term experience of the company’s business.
Remuneration of the Board of Directors
The Shareholders’ Nomination Board proposes that remuneration for the members of the Board of Directors remains unchanged.
The members of the Board of Directors who will be elected to the term continuing to the Annual General Meeting 2023, will be paid annual remuneration as follows: EUR 50,000 to the Chairman and EUR 25,000 to the members of the Board of Directors. If the Board of Directors decides to establish committees, an annual fee of EUR 5,000 will be paid to the members of Board committees.
Travel expenses of the members of the Board of Directors will be compensated in accordance with the company’s travel policy.
Composition of the Shareholders’ Nomination Board
The Nomination Board of Componenta Corporation consists of Kyösti Kakkonen, representing shareholder Joensuun Kauppa ja Kone Oy, Harri Suutari, the Chairman of the Board of Directors of Componenta Corporation, authorized by shareholder Etra Capital Oy and acting as an expert member, and Timo Sallinen, representing shareholder Varma Mutual Pension Insurance Company.
The proposals of the Nomination Board will be included in the notice to the Annual General Meeting.
COMPONENTA CORPORATION
Sami Sivuranta
President and CEO
For further information, please contact:
Harri Suutari, Chairman of the Nomination Board, tel: +358 40 038 4937
Componenta Corporation is an international technology company and Finland's leading contract manufacturer in the machine building industry. Sustainability and customer needs are at the core of the company’s broad technology portfolio. Componenta Corporation manufactures components for its customers, which are global manufacturers of machinery and equipment. The company’s stock is listed on the Nasdaq Helsinki. www.componenta.com